SunTrust Banks, Inc. Reaffirms Buy Rating for Air Products and Chemicals, Inc. (APD) – Dispatch Tribunal


Air Products and Chemicals, Inc. (NYSE:APD)‘s stock had its “buy” rating reissued by stock analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They presently have a $175.00 price target on the basic materials company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 8.43% from the company’s previous close.

APD has been the topic of several other research reports. KeyCorp reiterated a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a report on Friday, September 8th. Deutsche Bank AG increased their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Vertical Research reissued a “hold” rating and issued a $148.00 price objective (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Finally, Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and increased their price objective for the company from $165.00 to $175.00 in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $159.86.

Air Products and Chemicals (NYSE:APD) traded down 0.07% on Friday, hitting $161.28. 271,274 shares of the stock were exchanged. Air Products and Chemicals has a one year low of $129.00 and a one year high of $162.86. The company’s 50 day moving average price is $151.43 and its 200-day moving average price is $145.82. The company has a market cap of $35.15 billion, a P/E ratio of 12.12 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts predict that Air Products and Chemicals will post $6.23 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in APD. BlackRock Inc. raised its stake in Air Products and Chemicals by 1,973.1% during the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after acquiring an additional 13,466,808 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Air Products and Chemicals by 8,260.1% in the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after buying an additional 2,687,657 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Air Products and Chemicals by 57.2% in the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Analyst Recommendations for Air Products and Chemicals (NYSE:APD)




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